Core Viewpoint - The absence of luxury car brands at the Chengdu International Auto Show indicates a significant decline in the traditional luxury car market in China, with several brands missing from the event compared to previous years [2][4][5]. Group 1: Event Overview - The 28th Chengdu International Auto Show will take place from August 29 to September 7, featuring nearly 120 automotive brands and covering an area of 220,000 square meters, with over 1,600 vehicles on display [2]. - This year, the luxury car exhibition hall has been canceled, with the 16th hall now featuring brands like Xiaomi, Hongqi, and GAC Honda instead of luxury brands [3]. Group 2: Absence of Luxury Brands - Eight luxury brands, including high-end names like Porsche, Bentley, and Rolls-Royce, are absent from this year's show, marking a trend of foreign ultra-luxury brands disappearing from the Chengdu Auto Show [4][5]. - Second-tier luxury brands such as Lexus, Genesis, and Jaguar Land Rover are also missing from this year's event, following the absence of Maserati and Infiniti in the previous year [5][6]. Group 3: Market Trends - The ultra-luxury car market in China has seen a significant decline in imports since 2023, with projections indicating continued decreases into 2025. Notably, Ferrari remains strong, while brands like Maserati are experiencing overall sluggish performance [7]. - In July 2023, luxury car retail sales dropped to 170,000 units, a year-on-year decrease of 20% and a month-on-month decrease of 29%. The retail share of luxury brands fell to 9.3%, down 3 percentage points year-on-year, indicating increased pressure from domestic brands [9].
成都车展,8大豪门集体缺席
第一财经·2025-08-23 14:08